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I've heard that donations and cheering bits through Twitch is tax deductible due it being networking. Can someone explain to me the laws/logic behind this and verify it?+
So I'm a Twitch Streamer, and avid user of their website. I donate money through Streamlabs to streamers, I donate using twitch's currency called bits, and I subscribe to people. One of the streamers I follow has mentioned before that these (or at least bits as far as I remember) are a tax deductible write off because it's considered a networking cost. Can anyone verify the legitimacy of this claim and point me towards the laws and logic that allow me to claim these purchases of bits and donations as a tax deduction? I live in California, and if this can be applied to my twitch community as well, that would be cool to learn how to explain it.
‎June 4, 2019
6:03 PM